Australia again considers whether Apple Pay should be under stricter rules
(iMore iPhone)

What you need to know The Australian government is again considering whether Apple Pay and other digital wallets require more oversight. Australia is pondering whether Apple and other companies should be classed as payment providers. As of now, they aren`t. Classifying Apple as a payment provider would put Apple Pay under more scrutiny. Australia is again considering changing the way it deals with Apple Pay and similar payment systems and digital wallets, according to a new report. According to Reuters, Treasurer Josh Frydenberg intends to `carefully consider` whether tightened regulation is needed — currently, Apple and similar digital wallet providers are not classed as payment providers, limiting oversight. Services such as Apple Pay, Google Pay and China`s WeChat Pay, which have grown rapidly in recent years, are not currently designated as payment systems, putting them outside the regulatory system. That has left some Australians concerned that the country is no lo...